Quidax review: Exchange earns Nigerian SEC approval and expands token utility
Quidax, a cryptocurrency exchange based in Africa, has secured a provisional operating license from the Nigerian Securities and Exchange Commission (SEC), making it the first crypto trading platform in the country to receive such regulatory recognition. Granted on August 29, 2024, the license permits Quidax to operate as a digital assets exchange under local financial oversight, enabling formal collaborations with Nigerian banks and financial institutions.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The regulatory approval is a critical development in Nigeria’s evolving stance toward digital finance. It signals increased trust in fiat-to-crypto channels and aligns the platform with the Central Bank of Nigeria's frameworks. While crypto regulation in the country remains a developing landscape, Quidax’s licensing is viewed as a significant step toward institutional engagement and legal compliance in the region.
Ecosystem expansion and trading incentives
Quidax has also expanded the use of its native token, QDX, which now provides tiered fee discounts, weekly rebates for active traders and liquidity providers, and access to promotional raffles with rewards up to $10,000. These features reinforce QDX as a core utility asset across the exchange’s growing ecosystem.In July 2025, the company launched Quidax 3.0, a major upgrade to its trading infrastructure. The updated platform introduced new peer-to-peer tools, enhanced asset management dashboards, support for futures contracts, and savings products offering up to 10% APR on USDT balances. The platform’s dual interface caters to both new and experienced traders, while the integrated savings and staking tools create passive income opportunities.
Quidax operates across over 100 countries, offering spot and futures trading, as well as fiat integration with more than 20 currencies. Its efforts to combine licensing, product innovation, and reward mechanisms aim to solidify its position in Africa’s digital finance sector. For traders considering account setup, details on funding requirements are outlined in the Minimum deposit on Quidax: how much you need to get started.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
